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As cryptocurrency markets continue to decline in 2023, Twitter CEO Elon Musk continues to make headlines with the social media giant. A well-known proponent of cryptocurrencies, Musk is inextricably linked to Dogecoin. This meme coin hit the headlines in the summer of 2021 after a tweet by Musk went viral, causing a run on the currency and pushing it to new highs.
The long-term outlook for Dogecoin is less clear: Musk’s whims continue to influence its price forecast for this year and beyond. One coin that has not been “touched” by the world’s former richest man is MCADE, the native token of GameFi’s new pioneer, Metacade, which seems to have a bright future with pricing on decentralized exchanges.
Summary
Metacade price prediction: Possible to reach $10 by 2030?
The burgeoning GameFi industry is looking extremely positive for the next five years, with growth expected to significantly outpace that of traditional gaming. Because Metacade’s multigame platform offers tremendous potential, MCADE’s value is tied to its ability to exploit that potential.
While many GameFi competitors rely on a single gaming experience or title to attract fans, Metacade’s diverse catalog gives the platform the greatest advantage in maximizing total addressable market (TAM) and market capitalization.
With exceptional utility built into the MCADE token from the beginning and growing as new features are launched, MCADE will also become a governance currency by the end of 2024. Experts have made their predictions about MCADE’s price, which could break through $0.50 by the end of 2023, rise to around $5 by the end of 2025, and break through the $10 barrier by the end of 2030, when Metacade will become a leader in Web3 innovation with the assumption that many experts have chosen it as the best cryptocurrency to invest in today.
Dogecoin price forecast: can DOGE reach $1 by 2030?
DOGE is a coin firmly placed in the top 10 altcoins by market capitalization and continues to prove extremely popular among meme coin enthusiasts in 2023. However, Dogecoin is naturally held back by the huge amount of tokens crowding exchanges, which reduces the value of the coin. At the same time, many investors have doubts about its actual usefulness.
It is currently trading at $0.087, nearly 90 percent higher than its all-time high (ATH) of $0.74, which means it still has a long way to go to reach its previous performance. Dogecoin’s price forecast for 2023 remains sluggish, with analysts predicting a modest increase to $0.11 by the end of this year before doubling to $0.22 by the end of 2025. Dogecoin’s long-term price forecast is slightly more optimistic, with analysts predicting that it could eventually beat its ATH and break through the $1 barrier in 2030.
What is Metacade?
Metacade is an ambitious new project that aims to build the world’s largest virtual P2E (play-to-earn) arcade, allowing players to earn cryptocurrency while indulging their passion for video games. Community is at the forefront of Metacade’s plans, with incentives available for users to interact and contribute to community building by posting social content on the hub in the form of game reviews, alpha versions, and contributions to live chats and sub-forums.
The Create2Earn system is one of several earning methods in addition to the P2E opportunity open to community users. This comprehensive rewards system sets Metacade apart from its GameFi competitors, along with its ever-evolving number of games that looks set to build user loyalty and unprecedented growth, making it the best cryptocurrency to invest in this year.
How does MCADE work?
MCADE is Metacade’s native platform token and drives every aspect of the ecosystem, from providing the medium of exchange for transactions on the platform to giving “fuel” to the rewards system. Due to the broad utility built into the coin, this year MCADE will transform into a full governance token and provide token staking capabilities, enabling users to earn passive income while contributing their holdings to the platform.
As part of the devolution of governance powers to community members, MCADE token holders can have full say over the games that join the platform through the pioneering Metagrants system. Developers submit concepts for exciting new games to the community, which votes on its favorite ideas. The lucky ones who are chosen receive cryptocurrency funding from Metacade’s central treasury to support the venture, thereby promoting user engagement, community-managed governance, and GameFi innovation.
To ensure the long-term stability of the platform, Metacade has incorporated several revenue-generating schemes into its design, including advertising, a game launchpad that can be used by external game developers, and online tournaments as part of the Compete2Earn system.
MCADE vs. DOGE: which is the best cryptocurrency to invest in?
Investors looking for the best cryptocurrency to invest in might initially be attracted to Dogecoin because of its ties to Elon Musk. However, Dogecoin’s price forecast for 2023 and toward the end of the decade remains sluggish at best and looks set to be outpaced by Metacade’s progress in the coming months and years.
With Metacade’s presale event selling out very quickly after launching at $0.008 and raising $16.4 million, its recent debut on Uniswap at $0.022 in early April was a great success. Metacade also announced an exciting new partnership with MetaStudio and the upcoming launch of tokens on Bitsmart and MEXC between April and early May, exposing MCADE to a wider audience. Investors who buy the token in the early days of its price on exchanges are set to make excellent profits as Metacade becomes a major player in the GameFi revolution.
You can find more information, including how to buy MCADE, here.
*This article was paid for. The Cryptonomist did not write the article or test the platform.
